It means your expenses can be $160k over the revenue and you won't pay tax on it.
ex. You are $160k over. You lose $160k per week still because you are overspending.
ex. You are $180k over. You lose $180k per week plus 50% on the $20k you are not exempt from. Total loss $190k.
ex. You are $210k over. You lose $210k per week plus 50% on the $50k you are not exempt from. Total loss $235k.
Last edited by Kumiko (CAN U21) at 12/29/2013 4:03:08 PM
If you remember me, then I don't care if everyone else forgets.